Central Vermont is a great place to start a business, a terrific place to raise a family, and the best place on earth to get away from the pressure of urban living without leaving civilization.
Financing & Incentives There are many resources available to help you if you are in the start-up mode or if you need specific funding for your business. The Central Vermont Chamber of Commerce can assist you and your business to navigate the myriad of existing public and private programs and services that are ready to meet your needs. Among the options include: tax credit assistance; workforce training assistance; USDA R-BEG/BOG funding; and small business loans.This is a sample listing of financing resources:
- Vermont Economic Development Authority (VEDA) which is Vermont’s economic development finance lender. Visit VEDA’s website to learn more about low-cost lending programs for businesses of all sizes.
- U.S. Small Business Administration (SBA) , a government agency that advocates for small businesses and provides counseling and training resources.
- Vermont Community Loan Fund — FreshTracks Capital , an early-stage venture fund for entrepreneur in the fields of software, hardware, telecommunications, media, business information, business systems or biotechnology.
- Vermont Employment Growth Incentive (VEGI) , which can provide a cash payment to businesses based on the revenue return generated to the State by prospective job and payroll creation and capital investments.
- Vermont Agency of Commerce and Community Development Technical Assistance grants for qualifying businesses.
- Rural Business Enterprise Grant (RBEG) and Rural Business Opportunity Grants (RBOG) to qualifying businesses.
- Community Capital of Vermont business financing for small businesses or lower income entrepreneurs.
Be sure to register your business with the VT Secretary of State Department